HUD Shares Information with Industry Groups on Disbursement Dates Before Debt Ceiling Timeline
On May 25, during a call with NAHRO and other industry groups, HUD shared information about pre-debt ceiling deadline disbursement dates for the Public Housing and Housing Choice Voucher (HCV) programs. According to the federal agency, funding for the Public Housing Operating Funding subsidy will be in the Line of Credit Control System (LOCCS) for June and July by Tues. (May 30) or Wed. (May 31) for agencies to access. For the HCV program Housing Assistance Payment (HAP) and administrative fee funding will be disbursed on Monday (May 29). This disbursement will include funding for the Emergency Housing Voucher (EHV) program.
Debt ceiling talks between the Biden administration and Congressional leadership have slowed down, and the House seems poised to continue with their Memorial Day recess.Tell the White House and your members of Congress to avoid a disastrous default and preserve funding for critical affordable housing programs!